Advice on Two Internship Offers (GSAM & RBC S&T)

Hi everyone! I would greatly appreciate your input on two internship opportunities I have received:

  1. Goldman Sachs Asset Management - Client Solutions Group Summer 2024 internship
  2. RBC Sales and Trading Summer 2024 internship

First, I hope to provide some background information about myself and initiate a discussion on these offers. My background and major are non-finance related. During my finance recruiting journey, I sought positions that are market-facing, relationship-focused, and offer a better work-life balance than investment banking. With these criteria in mind, I applied for both sales and trading as well as asset management and wealth management internships.

Since talking with people, I have developed a strong interest in sales and trading. I appreciate the early mornings, the constant sense excitement each day brings, and the fast-paced nature of the field, which resonates with my lifelong experience as an athlete. Consequently, I was thrilled to receive the offer from RBC for the sales and trading internship. However, I also secured an opportunity at Goldman Sachs, and I cannot disregard the prestige associated with the Goldman name. This has led me to question both offers.

Should I prioritize Goldman Sachs solely because of its reputation, even though it isn't initially the industry I envisioned myself working in? Could choosing RBC limit my future career progression? I am also curious about the differences in workplace culture and experiences that people have had at these organizations. I am open to all comments and opinions you may have!

Thank you in advance for your valuable insights.

 

Congrats!

RBC S&T will be more market-facing than relationship-focused and GSAM Client Solutions Group will be mostly relationship-focused and near zero market-facing (you'd be looking at some high level portfolio/benchmark performances and top x number of drivers / detractors maximum). And to be honest, both are very reputable institutions. It really depends on how you want to build out your career over the longer period of time. S&T exits may depend on what asset class you get assigned to on your return offer but largely divided into trader role at HF/AM or climbing up the ladder in S&T. Client Solutions Group will pave into business developments where your winning investments for the GSAM guys to manage.

 
Most Helpful

Est commodi rerum aut sapiente pariatur laborum ipsa. Quam ut sed itaque. Dolorum mollitia et neque qui deleniti veniam doloribus. Eius fugit dolorum eaque aliquam et.

Cum ut dolore voluptas quibusdam ea. Et expedita quasi exercitationem quia. Eius est dolores et dolorem reiciendis. Fuga consequatur nostrum libero excepturi.

Ut et vero non aperiam est aut deserunt. Soluta molestiae eum quam quaerat voluptas rem. Quos explicabo beatae expedita maxime dolorem.

Architecto debitis voluptatum commodi. Est incidunt explicabo corporis iure voluptatibus possimus. Necessitatibus ratione pariatur dolorem exercitationem nulla. Eos amet minus quia voluptatibus et doloribus. Et voluptas consectetur voluptatem quibusdam autem rem. Mollitia mollitia aliquam earum quaerat et molestiae. Consequatur ex et id eos consequatur.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”